Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Reaches New 52-Week High – What’s Next?

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $55.25 and last traded at $55.24, with a volume of 106151 shares traded. The stock had previously closed at $54.11.

Horizon Kinetics Inflation Beneficiaries ETF Price Performance

The company has a 50-day simple moving average of $50.79 and a two-hundred day simple moving average of $51.71. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -2,382.52 and a beta of 0.69.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several institutional investors have recently modified their holdings of INFL. Bank of New York Mellon Corp increased its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after acquiring an additional 38,447 shares during the period. Janney Montgomery Scott LLC boosted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock valued at $13,496,000 after purchasing an additional 12,300 shares during the period. Captrust Financial Advisors grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in the 4th quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock worth $12,260,000 after purchasing an additional 11,460 shares during the last quarter. Longview Financial Advisors Inc. grew its position in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the 2nd quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock worth $9,340,000 after purchasing an additional 10,049 shares during the last quarter. Finally, Waterloo Capital L.P. increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after purchasing an additional 1,845 shares during the period.

About Horizon Kinetics Inflation Beneficiaries ETF

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.